Connecticut Bitcoin ATM Regulations

Licensing Requirements

Connecticut’s Department of Banking licenses money transmitters under the Money Transmission Act, with licensing materials published through the NMLS checklist and state guidance pages.

The Department also publishes virtual currency FAQs explaining when businesses engaged in exchange, custody, or transmission activity involving Connecticut residents may require licensure.

Connecticut has not adopted a separate Bitcoin ATM statute with kiosk-only transaction caps or fee caps.

Federal Requirements

Federal rules still matter even where a state has no Bitcoin ATM-specific statute.

• Register with FinCEN as a money services business when required by federal law.
• Maintain a written anti-money-laundering program, designate a compliance officer, and train kiosk support staff.
• Use customer identification, sanctions screening, and scam-escalation procedures sized to transaction risk.
• File Suspicious Activity Reports and Currency Transaction Reports when thresholds or facts require them.

Consumer Protection Resources

Connecticut Department of Banking Consumer Assistance is the main public contact for scam complaints and consumer questions in Connecticut.

Consumers can start with Connecticut Department of Banking Consumer Assistance or call 860-240-8170.

• The Department pursues complaints involving unlicensed money transmitters doing business with Connecticut residents.
• Consumers should check NMLS Consumer Access before using a kiosk or hosted service.
• If a transfer was scam-induced, file a complaint quickly and preserve the receipt.

Legislative Reference

Primary state framework: Conn. Gen. Stat. § 36a-595 et seq. (Money Transmission Act).

Primary regulator: Connecticut Department of Banking.

Connecticut uses its general money transmission statutes plus published virtual currency FAQs; no kiosk-only law was identified as of March 24, 2026.

Official source: state licensing and guidance materials.